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Modeling Rational Agents
"This book explores the evolution, through the first half of the 20th century, of the key neoclassical concept of rationality. The analysis begins with the development of modern decision theory, covers the interwar debates over the role of perfect foresight and analyzes the first game-theoretic solution concepts of von Neumann and Nash. The author's proposition is that the notion of rationality suffered a profound transformation that reduced it to a formal property of consistency. Such a transformation paralleled that of neoclassical economics as a whole from a discipline dealing with real economic processes to one investigating issues of logical consistency between mathematical relationships."
Research in the History of Economic Thought and Methodology
A collection of articles that includes both refereed articles and review essays of books in the history of economic thought and methodology. It highlights research the historiography and methodology of the English Poor Laws, behavioural economics, and the socialist calculation debate; as well as AD Roy and portfolio theory.
Hayek: A Collaborative Biography
This tenth part of Robert Leeson's collaborative biography of Friedrich August von Hayek explores Hayek’s thought on the free market and democracy. Using an unparalleled array of archival materials, Leeson reconstructs Hayek’s thinking as the notorious economist and his acolytes set about reshaping the post-war economic order. Darker areas of Hayek’s thought are also explored, including the influence of eugenics on his thought and his support for radical right-wing dictatorships in South America. Leeson concludes this volume with a collection of chapters written by eminent scholars of Hayek. These chapters cover subjects as diverse as Hayek’s influence on scholars of Darwinian evolution, his views on psychology, and cultural evolution.
A Research Annual
Includes refereed articles on topics in economic methodology and the history of economics, including Austrian economic methodology and Wesley Mitchell. This collection covers such topics as Adam Smith, John Kenneth Galbraith, Friedrich Nietzsche, Joseph Schumpeter, Janos Kornai, the Chicago School, French econometrics, and financial economics.
Is Economics an Evolutionary Science?
This collection shows the prospects for evolutionary economics, along with its problems. Both the strengths and limitations of Veblen's ideas are clarified. Specific areas examined include the firm, the role and limitations of knowledge, and capitalism.
The Political Economy of the World Bank
The Political Economy of the World Bank: The Early Years is a fascinating study of economic history. This text describes perhaps what is the most crucial time for development economics: the birth of the "third world," the creation of development economics as a discipline, and the establishment of the World Bank's leading role in development. Using previously unavailable archival material, Michele Alacevich takes a close look at the years during which the International Bank for Reconstruction and Development—now known as the World Bank— turned its attention from reconstruction to development, having been upstaged by the Marshall Plan.He describes the "Currie Mission" to Colombia (1949–1...
From Economists to Economists
This book contains 12 essays which examine the international diffusion of Italian economic thought in 8 countries, namely England, France, Germany and Austria, Portugal, Spain, Sweden and the United States. Using different approaches, the contributors to this book discuss the international reputation of Italian economists between 1750 and 1950. This reconstruction of the flow of ideas from economists to economists provides original insights on the intellectual network (including institutions, learned societies, specialised journals and political authorities)in wich Italian economic thought was transmitted and circulated. It also serves to measure and explain the specific degree of influence which Italian economists managed to exert within different international contexts and among different groups of scholars. Galiani, Verri, Beccaria, Pantaleoni, Pareto, the Italian school of public finance and the Italian Economists in the interwar years are some of the authors whose reputation, knowledge and influence has been thoroughly investigated in these essays.
The Evolution of Economic Institutions
It is now widely acknowledged that institutions are a crucial factor in economic performance. Major developments have been made in our understanding of the nature and evolution of economic institutions in the last few years. This book brings together some key contributions in this area by leading internationally renowned scholars including Paul A. David, Christopher Freeman, Alan P. Kirman, Jan Kregel, Brian J. Loasby, J. Stanley Metcalfe, Bart Nooteboom and Ugo Pagano. This essential reader covers topics such as the relationship between institutions and individuals, institutions and economic development, the nature and role of markets, and the theory of institutional evolution. The book not only outlines cutting-edge developments in the field but also indicates key directions of future research for institutional and evolutionary economics. Vital reading on one of the most dynamic and rapidly growing areas of research today, The Evolution of Economic Institutionswill be of great interest to researchers, students and lecturers in economics and business studies.
